Nvidia scores price target lift from KeyBanc Capital Markets

Shares of Nvidia (NVDA) are trading higher as KeyBanc Capital Markets raises its price target for the chip giant to $180 per share.

Yahoo Finance Anchors Josh Lipton and Julie Hyman break down this latest development for Nvidia and what it could mean for the company moving forward.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Nicholas Jacobino

Video Transcript

Time now for some of our calls of the day.

Key bank capital markets, lifting its price target on NVIDIA does remain overweight on the stock as it sees NVIDIA continuing to quote dominate one of the fastest growing workloads in cloud and enterprise here, the company raising its price target to $180.

You see about 50 bucks above where it is today as NVIDIA climbs but doesn’t reach a new.

But basically it seems like it’s that time of year where a lot of these different analysts do sort of some supply chain checks.

Try to figure out what’s going on, and it’s actually a bigger note on what’s happening in the demand market for chips.

NVIDIA is just one of the names that’s mentioned.

Yeah, he did.

Some dig into your point.

This is This is key bank’s John Van.

And he says, despite the impending launch of Blackwell’s second half, not seeing any signs of demand pause right.

Investors like the sound of that, says interest and demand in GB 200 NVIDIA’s super chip greater than we initially had size.

As such, he told his clients he thinks current demand for GB 200 should support data centre revenues of over 200 billion in 2025.

So the numbers have been pretty consistently big here and that there have been questions around that demand pause that he addresses.

I also thought he was interesting, He said.

Demand for the iPhone 15 is getting stronger.

That was the other thing he found in his channel checks as well as build expectations for iPhone 16.

And he talks about a I a little bit around that.

So that was You’re waiting Now you’re waiting for Tim Cook.

Take the stage.

Unveil that new 16 you’re waiting.